Bob's Discount Furniture LLC 401(k) Review & Grade
Bob's Discount Furniture 401(k) Profit Sharing Plan
Manchester, CTRetail Trade5,938 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,048Employer $ per active participant
$3,767Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$227.8MNet plan assets, end of year
$37,473Average balance per account
Score breakdown
- Employer generosity33.8 / 5068th percentile for employer $ per participant
- Low cost12.2 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1575th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 49th |
| Employee saving | 75th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Bob's Discount Furniture put in about $1,048 per active participant, more than the typical peer ($650). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $6,220,520 |
| Participant (employee) contributions | $22,364,599 |
| Other contributions (incl. rollovers in) | $2,179,596 |
| Administrative expenses paid from the plan | $270,033 |
| Investment advisory & management fees | $123,100 |
| Benefits paid out | $30,245,548 |
| Net assets, start / end of year | $199.9M / $227.8M |
| Active participants, start / end of year | 5,094 / 6,781 |
| Participants with account balances | 6,078 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Stowe & Degon LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $144,153 reported compensation |
| Mmasecuritiesllc | $74,460 reported compensation |
| Strategic Advisors, Inc. | $48,640 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009085218NAL0003756035001, received 2025-10-09, EIN 20-2149352, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.